In the first half of the year, the overall sales of the 12 categories of products included in the statistics of China Construction Machinery Industry Association (CCMIA) grew slightly, and the sales of 8 categories of products such as truck-mounted cranes and elevating platforms increased by different margins.
Construction machinery industry in the first quarter of the total sales volume of major products decreased by 1.17% year-on-year; in the second quarter, the total sales volume of major products increased by 4% year-on-year, an increase of 3.04% season -on-season.
"Overall, the construction machinery industry's total sales volume in the second quarter showed a positive trend." On July 24, at the first press conference of 2023 held by China Construction Machinery Industry Association (CCMIA), Wu Peiguo, Secretary General of CCMIA, said, "In the second half of the year, the quality of development of the construction machinery industry will be further improved, and the economic operation of the construction machinery industry will steadily improve."
In recent years, China's leading enterprises in the construction machinery industry have accelerated their overseas expansion and steadily increased the proportion of overseas revenue, which has played an important supporting role in maintaining the stable operation of the construction machinery industry. "In the first half of the year, Zoomlion construction crane overseas host sales boom, of which, the Russian-speaking areas, such as year-on-year growth of more than two times, North Africa, Southeast Asia and other regions have also doubled growth. In addition, concrete machinery sales in the Middle East market rose by 258%." Zoomlion said.
The second quarter presents a favorable trend
According to the China Construction Machinery Industry Association statistics, in the first half of the year, the 12 categories of products included in the Association's statistics, overall sales growth, but the domestic market between the various types of products, the difference between the situation is obvious, truck-mounted cranes, lifting platforms and other 8 types of product sales have been different ranges of growth, of which truck-mounted cranes have the largest increase of 27.9% year-on-year increase; excavators, loaders and other products market sales declined, of which the excavator dropped by 24%, and the loader dropped by 24%. Excavators, loaders and other products showed a decline in market sales, of which the excavator decreased by 24%.
Comparing by quarter, the total sales volume of major products in the construction machinery industry in the first quarter dropped by 1.17% year-on-year; in the second quarter, the total sales volume of major products increased by 4% year-on-year and by 3.04% season -on-season.
In addition to the warming data, the Association believes that since this year, the construction machinery industry to speed up the construction of a new development pattern, and actively seize the new round of scientific and technological revolution, industrial change and green and low-carbon development opportunities, the electrification of construction machinery has made new progress.
"At the same time, the autonomous and controllable capability of the industrial chain supply chain has been continuously improved, and a number of domestically produced key parts and components have been applied in engineering. The industry has vigorously implemented the innovation drive, strived to transform the mode of growth, continuously cultivated and expanded the new impetus for the industry's development, and endeavored to overcome the unfavorable impacts brought by changes in market demand, so that the industry as a whole has shown a stable operating trend, and some of the economic indexes have shown a positive trend." said Wu Peiguo. Wu Peiguo said.
The high growth of aerial working machinery segmentation is a vivid example of China's construction machinery industry to speed up the construction of a new pattern of development.
In mid-July, Zoomlion disclosed the spin-off and listing plan, Zoomlion will spin off its subsidiary Hunan Zoomlion Intelligent Aerial Work Machinery Company Limited (hereinafter referred to as "Zoomlion Aerial Work Machinery") to reorganize and list at a price of 9.424 billion yuan and put it into the listed platform of Road Chang Technology, which was acquired by Zoomlion.
In recent years, aerial working machines have gradually penetrated into countries around the world. In the Asia-Pacific region, with the rapid economic development in recent years, the ownership of aerial work equipment has been growing rapidly. In the past few years, the performance of Zoomlion Aerial Work Machines has been growing at an astonishing rate. In the spin-off proposal, Zoomlion has made a commitment to sustain high growth in Zoomlion's performance.
From 2020 to 2022 and from January to April 2023, Zoomlion's revenue will be RMB 128 million, RMB 2.978 billion, RMB 4.583 billion and RMB 1.837 billion respectively, and its net profit will be RMB 20.27 million, RMB 240 million, RMB 580 million and RMB 270 million respectively. If the issuance of shares to purchase assets in 2024 to implement the completion, the performance commitment period for the 2024 to 2026, Zoomlion aerial machine each year to achieve net profit of not less than 740 million yuan, 900 million yuan and 1.02 billion yuan.
"China's aerial work machinery in the domestic gradually realize import substitution and gradually towards the global, has been in Europe and the United States and other developed countries to occupy a certain market share, is expected in the future China's leading enterprises of aerial work machinery global ranking and share will be further enhanced." A source in the aerial working machinery industry said.
Stride "out to sea" increasing trend is gratifying
"In the first half of this year, China's construction machinery exports maintained a high growth rate, showing a high export toughness." Wu Peiguo said.
According to Customs data collated in the first half of the year, China's construction machinery import and export trade amounted to 26.311 billion U.S. dollars, an increase of 23.2%. Among them, exports amounted to 24.992 billion U.S. dollars, up 25.8% year-on-year.
According to the Association of the main manufacturing enterprises statistics, the first half of the total sales of excavators 108,818 units, down 24% year-on-year. Among them, the domestic 51,031 units, down 44% year-on-year; exports 57,787 units, up 11.2% year-on-year. Total sales of all kinds of loaders 56598 units, down 13.3% year-on-year. Among them, the domestic market sales of 29,913 units, down 32.1% year-on-year; export sales of 26,685 units, a year-on-year increase of 25.6%.
From the above data, it is easy to see that in some equipment segments, the export sales of China's construction machinery have been close to or even exceeded the sales in the domestic market.
On June 28, a China-European liner loaded with 64 sets of LiuGong's loaders, graders, rollers, excavators and other heavy machinery sailed out of Liuzhou Railway Port and departed to Moscow, Russia via Manzhouli Port.
"Relying on the China-European liner, LiuGong's market share in Russia has further increased. This year, LiuGong continued to fight in overseas markets, LiuGong Central Asia, Australia subsidiary has opened, to further expand the international business layout. 1 to June, LiuGong overseas sales increased by more than 30% year-on-year, the two main products loader, excavator overseas revenue accounted for a continuous increase in the proportion of road rollers, motor graders, and other product lines, sales increased significantly." LiuGong said.
Results show that in the first half of the year, LiuGong realized operating income of about 15.073 billion yuan, up 9.49% year-on-year; net profit of about 612 million yuan, up 27.59% year-on-year. LiuGong said, the company continues to seize the opportunity in overseas markets, revenue and profit to maintain substantial growth, to make up for the domestic market down cycle brought about by the unfavorable impact, promote the company's overall performance growth.
In addition, Hangzhou Fork Group expects to realize a net profit of 730 million yuan to 820 million yuan in the first half of the year, a year-on-year increase of 60% to 80%. Hangzhou Fork Group said that the company actively carries out domestic and international marketing and implements the "new energy strategy", which effectively promotes the company's green, low-carbon and high-quality development, and the company's trend of electrification, intelligence and integration is becoming more and more obvious, and the overall business has achieved better growth. At the same time, factors such as falling raw material prices and exchange rates had a positive impact on the company's profit growth.
Post time: Jul-26-2023
